Given the fall in bitcoin in the past 24-32hrs, is it a good time to buy bitcoin?
Just keep on buying when bitcoin is dropping, take the chance of the cheaper price of bitcoin to get more of it. And also if you are a long term holder that's a good purpose to buy more bitcoin at that moment. I did bought when it went down to $5,900 and was happy to see that the price of bitcoin now starts to recover. Just like the popular strategy, buy at dips and sell on peaks.
This is the right time for you to buy if you are planning on investing for the future. Look how Bitcoin drops dramatically after the Segwit2x has been cancelled because a lot of people are withdrawing their investments and put it on Bitcoin Cash. If the Segwit2x is not cancelled you think the price would be this so low right now? Supposedly you should buy when Bitcoin was at $5700 so you could get a decent profit in the end.
Segwit2x has been cancelled and those people that I assume related to that disappointment did something to pump bitcoin cash. And by that time they all have the same plan of pulling bitcoin down and taking over the network. Bitcoin is now at $6,500 and still this is a good time to buy don't wait before it goes to $10,000 so it means that while it's early just buy.
i think we still have a good time to buy although the price now is at $6,500 and like you said, don't wait before the price is increase higher so you can not buy bitcoin. because after the price is up, nobody will know what will happen with bitcoin and we don't know if we still have a good chance to buy bitcoin again at lower price or not.
Buying time at $6,500 is still recommended if you have seen it before nearly hitting $8,000 then you have to take the chance and believe in bitcoin that anytime or maybe when December enters, price will increase. We don't have an idea on when this pump will start but this is a good market of bitcoin seeing it becoming stable and has a good floor price at $6,500.